The purpose of this study was to examine the determinants of the type of mortgage that households obtain: a conventional mortgage or a federally guaranteed mortgage, using the 1998 Survey of Consumer Finances. Based on the models of mortgage choice by Hendershott, LaFayette and Haurin (1997) and...

Housing cost burden (the ratio of housing cost to household income) is examined using data from the 2001 Survey of Consumer Finance. Results of ordered logistic regression show that singles and single parent families were less likely to have an affordable housing cost burden than couples with no...

This commentary recommends that financial counseling and planning research, education, and practice be framed as an interdisciplinary profession called personal finance. Authors summarize the history of the profession and key theories providing the conceptual foundation. In order for the...

The likelihood of owning homes, investment accounts, and retirement accounts by Black and White families was analyzed using data from the 2004 Survey of Consumer Finances. Education, income, and contact with more financial institutions were almost always influential in the likelihood of owning...